Plaid vs. Socure

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Plaid
Score 9.0 out of 10
N/A
Plaid in San Francisco offers a suite of applications supporting banks with risk management and customer account management features. Plaid is used by digital financial apps and services like Betterment, Expensify, Microsoft and Venmo, and by banks to make it easier for consumers to connect their financial accounts with the apps and services they want to use. Plaid connects with over 11,000 financial institutions across the U.S, Canada and Europe.
$500
per month
Socure
Score 8.8 out of 10
N/A
Socure is an AI-powered identity verification system designed to help financial services companies prevent identity fraud losses and remain compliant. The system is comprised of ID+, the identity verification mechanism, a KYC (Know Your Customers) Compliance add-on, which uses additional personally identifiable information to authenticate users, and Watchlist products to check international sanctions and enforcement lists for AML (Anti-Money Laundering) compliance.N/A
Pricing
PlaidSocure
Editions & Modules
Scale
500+
per month
Test
Free
Launch
Pay as you go
No answers on this topic
Offerings
Pricing Offerings
PlaidSocure
Free Trial
NoNo
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsContact sales team for additional pricing. There may be one-time fees, subscription fees, per-request flat fees, or payment initiation fees depending on your needs.
More Pricing Information
Best Alternatives
PlaidSocure
Small Businesses
Square Invoices
Square Invoices
Score 9.2 out of 10

No answers on this topic

Medium-sized Companies
Apple Pay
Apple Pay
Score 8.7 out of 10

No answers on this topic

Enterprises
Adyen
Adyen
Score 8.6 out of 10

No answers on this topic

All AlternativesView all alternativesView all alternatives
User Ratings
PlaidSocure
Likelihood to Recommend
10.0
(1 ratings)
-
(0 ratings)
User Testimonials
PlaidSocure
Likelihood to Recommend
Plaid
Plaid is extremely well suited to be your payment API if you're a start-up looking to scale your banking connections fast and securely. Their API is fully functional upon integration. Most end-users have encountered Plaid before so it's a trusted platform for many consumers so even if you're a new app, users feel comfortable connecting their bank through Plaid.
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Socure
No answers on this topic
Pros
Plaid
  • Plaid connects with 100s of US consumer banks.
  • Plaid continuously updates its software to meet the requirements of individual banks.
  • Plaid can get your company's payment processing up and running faster than traditional methods.
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Socure
No answers on this topic
Cons
Plaid
  • Consumer feedback or troubleshooting typically comes back to us because Plaid doesn't have an easy way of re-routing support once a user encounters a problem.
  • Update timelines could be clearer when they are working on updating a connection with a certain bank.
  • The search functionality for the user to find their bank could be a little more robust.
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Socure
No answers on this topic
Return on Investment
Plaid
  • Plaid got us up and running with most US-based and even some international banks with minimal engineering effort.
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Socure
No answers on this topic
ScreenShots

Socure Screenshots

Screenshot of the Predictive DocV end-to-end suite of fraud and identity solutions. Socure verifies digital identity and predicts fraud throughout the digital customer lifecycle to reduce fraud losses without compromising customer experience. With its capture experience, forensic engine, and data extraction, Predictive Document Verification (DocV) approves more good customers while eliminating bad actors in real time.Screenshot of the Capture App, which provides a guided user experience, correcting for blur, glare, and low light situations, with accessibility features to verbalize guidance for visually impaired users. Enhanced facial biometrics with NIST PAD Level 2 certification for liveness detection stops spoofing attacks. Lightweight mobile SDKs are available for iOS, Android, and React Native, while the Web SDK can be integrated through a browser-based widget that initiates requests via a unique link, QR code scan, or from a CRMScreenshot of Predictive DocV's response time, which is under 2 seconds without compromising on integrity. Predictive DocV reduces bias by training its system on robust data.Screenshot of the population coverage of Socure’s KYC solution, designed to optimize the acquisition of hard-to-identify segments, including Gen-Z, millennials, credit-invisible, thin-file, new-to-country to achieve frictionless auto-approvals for all populations.